21
Oct
Posted by Tingyu

Taking out a personal loan for the wrong reasons could come back to haunt you in more ways than one. When you're strapped for cash, a personal loan seems appealing. You don't have to put up any collateral and you can use the money for just about anything you want. Even individuals with poor credit might be approved. But like all loans, personal loans have some drawbacks as well. Interest rates are typically higher than they are on secured loans…

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14
Oct
Posted by Tingyu

Loan against property fares better on most parameters; disbursal time is a drawback Personal loan and loan against property (LAP) are similar in nature as they come without any restriction on the end-use of the loan proceeds. You are free to use the loan amount to finance your home renovation, child’s education/marriage, business expansion, overseas travel or any other personal requirement, except for speculative purposes. As both the loan types serve the same purpose, many borrowers face a dilemma when…

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7
Oct
Posted by Tingyu

SINGAPORE - Property firm Capital World has inked a $5.5 million convertible loan agreement with two individual investors, it said in a bourse filing on Thursday night (Oct 3). The Catalist-listed firm took the loan to repay an outstanding convertible bonds subscription agreement. After deducting expenses, it will have net proceeds of about $5.1 million. The loan - from Chong Thim Pheng and Ong King Sin - is for a period of a year with an annual 15 per cent…

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30
Sep
Posted by Emvertex

SINGAPORE - Bank loans edged up 0.6 per cent to $684.88 billion in August from the previous month, reversing a dip in July, as higher business loans offset the continued contraction in housing loans, according to preliminary figures from the Monetary Authority of Singapore (MAS) on Monday (Sept 30). Business loans grew 1.1 per cent to $422.73 billion from July, while consumer loans shrank 0.2 per cent to $262.15 billion. Housing loans, which account for three-quarters of consumer lending, dropped…

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23
Sep
Posted by Emvertex

SINGAPORE's headline inflation edged up slightly in August reversing from a dip July, while core inflation remained flat, according to statistics released by the authorities Monday. Headline inflation rose to 0.5 per cent, up from 0.4 per cent in July and largely in line with economists' expectations. This reflects higher private road transport inflation and a smaller decline in accommodation costs, the Monetary Authority of Singapore (MAS) and the Ministry of Trade & Industry (MTI) said in a joint statement. Food…

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16
Sep
Posted by Emvertex

The Singapore investor is no stranger to Reits. Real estate investment trusts listed in Singapore, with a combined market capitalisation of S$100 billion, make up 10 per cent of the stock market and are often recommended as safe, solidly-yielding investments. While the universe of Singapore-listed Reits - or S-Reits - is diverse, spanning all real estate sectors and many geographies, a small handful have emerged to pique investor interest especially. This year alone, three US property trusts listed on the…

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9
Sep
Posted by Emvertex

They have cut estimates from the 2.1 per cent tip made in June to just 0.6 per cent in light of worsening economic conditions and geopolitical risks, in a poll of 23 private sector economists and analysts by the Monetary Authority of Singapore in its quarterly survey. The lower forecast is in line with official estimates, which have been dialled back from an annual growth of between 1.5 per cent and 2.5 per cent to between 0 per cent and…

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2
Sep
Posted by Emvertex

SINGAPORE: Singapore's banking body on Friday (Aug 30) said it would shift away from using Singapore dollar swap offer rates (SOR) as a key lending benchmark due to the likely discontinuation of the London Interbank Offered Rate, which heavily influences SOR. The change, which will take place over the next two years, will see products such as loans that reference the rate switched to other benchmarks such as Singapore Overnight Rate Average (SORA), Singapore Interbank Offered Rates (SIBOR) or banks'…

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26
Aug
Posted by Emvertex

TOKYO • Singapore is offering a rare opportunity to buy positive-yielding quality bonds in a world that is rapidly turning negative. The city state, which pays the highest returns among economies that have AAA credit ratings from all three major agencies, will sell reopened July 2029 government debt worth US$2.9 billion (S$4 billion) on Wednesday, the second-largest amount on record for 10-year tenors. Investors fleeing risk on escalating trade wars and fears of a global recession have jumped into the…

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20
Aug
Posted by Emvertex

SINGAPORE: Despite trade tensions and other global uncertainties slowing down the economy to levels last seen a decade ago, investments into the country seem to have held steady so far.Singapore attracted almost S$8.1 billion in fixed asset investment (FAI) commitments during the first six months of 2019, according to figures from the Economic Development Board (EDB) released as part of the second-quarter economic report last week. In fact, the overall investment figure already falls within the EDB’s full-year forecast of S$8 billion to…

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